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That's true. But it's only true because the debt load is in Euros, and Greece doesn't control the value of the Euro. If you're a country with currency control
by graeme 11y ago
That's true. But it's only true because the debt load is in Euros, and Greece doesn't control the value of the Euro.
If you're a country with currency control + debt in your own currency, it's basically impossible to have that same kind of crisis.
(You can have other problems, but they wouldn't be so intractable as what Greece has.)